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Occidental Petroleum Corp. Stock Falls Thursday, Underperforms Market

Dow Jones2022-06-03

DJ Occidental Petroleum Corp. Stock Falls Thursday, Underperforms Market

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Occidental Petroleum Corp. $(OXY)$ slipped 1.59% to $69.30 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.84% to 4,176.82 and the Dow Jones Industrial Average rising 1.33% to 33,248.28. Occidental Petroleum Corp. closed $4.74 below its 52-week high ($74.04), which the company achieved on May 31st.

The stock underperformed when compared to some of its competitors Thursday, as Exxon Mobil Corp. $(XOM)$ fell 0.17% to $97.67, Chevron Corp. $(CVX)$ fell 0.18% to $176.00, and ConocoPhillips $(COP)$ fell 0.68% to $114.96. Trading volume (23.4 M) remained 4.7 million below its 50-day average volume of 28.1 M.

Data source: Dow Jones Market Data, FactSet. Data compiled June 2, 2022.

$(END)$ Dow Jones Newswires

June 02, 2022 17:13 ET (21:13 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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Yanly
·2022-06-03
Because tax oil and gas producers's profit, we have to wait for our target buying price 🙋🏻‍♀️
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